Sinch reports higher profit and
Photo: Anders Wiklund/ TT

Sinch reports higher profit and sales, but adjusted profit misses forecasts

Cloud services group Sinch reports an increase in operating profit to SEK 262 million in the second quarter. This compares with SEK 208 million in the second quarter last year.

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However, adjusted operating profit of SEK 858 million was slightly lower than the average analyst forecast of SEK 874 million, according to Bloomberg.

Net sales rose to SEK 6.9 billion, up from SEK 6.6 billion.

The growth comes primarily from the Americas business area, according to Sinch's acting CEO, Jonas Dahlberg.

"American technology companies are leading global development of AI, with growing demand for secure, scalable and reliable infrastructure for customer communications. The Americas is Sinch's largest region, accounting for 66 percent of gross profit, making us well positioned to benefit from this growth," he says in the report.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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